Nestle chief defends plans from investor criticism
Nestle chairman Paul Bulcke says he would not pursue short-term efforts at the expense of long-term success, in the face of scrutiny from shareholder activists who know how to “pressure-point you and tease.”
Hedge fund Third Point, run by shareholder activist Daniel Loeb, took a $3bn (€2.63bn) stake in Nestle in 2017, and has said that the maker of KitKat bars and Perrier water could double its earnings per share by 2022 if it splits up its businesses.
